Nicolas Véron

COVID-19 Credit Support Programmes in Europe’s Five Largest Economies

This week Bruegel published this working paper I co-authored with Julia Anderson and Francesco Papadia, in which we describe and analyze national programs of credit support, mainly via loan guarantees, in France, Germany, Italy, Spain and the UK. This paper presents in much more depth the research that underlies our blog posts on the same theme, in July and September last year. 

Download the paper here in case the above link is broken. 

Financial Statements: Should We Worry about Central Banks Becoming Activist Capital Allocators?

In today's episode of Financial Statements, we revisited the age-old question of how far central banks may venture into discretionary capital allocation, be it for credit support or the fight against global warming. I hosted Stephen Cecchetti, Rosen Family Chair in International Finance at the Brandeis International Business School, and Signe Krogstrup, member of the Board of Governors of the Danish National Bank and a former Visiting Fellow at PIIE. 

Financial Statements: A Holistic Look at Big Tech Regulation

Today in Financial Statements I hosted Hyun Shin (BIS) and Rory MacFarquhar (now at MasterCard and a former PIIE fellow) to discuss the regulation of big tech firms, not least as they enter the financial services space.